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Jan 15 - 07:55 AM

AUD/USD - Respects Thursday's Low After Drop From 1-Week High

By Rob Howard  —  Jan 15 - 05:59 AM
  • AUD/USD elicited support at 0.7730 after extending south from 0.7805

  • 0.7730 approximates to Thursday's low. 0.7805 was Thursday's one-week high

  • Thursday's high was notched after dovish Powell comments nL1N2JP2A9

  • Subsequent decline influenced by modest Asian and European equity losses

  • Nikkei closed down 0.6%. Pan-European STOXX 600 down 0.4% nL4N2JQ22J

  • AUD is a liquid proxy for risk. 0.7805 = 14 pips shy of recent 34-month high

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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